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20130118
20130118
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
big would you need see in term of public -- [inaudible] take the debt ceiling off the table for the next reform years. would it be big enough? what do you need see for you and your colleagues on the democratic side to say, we're going engage in the conversation to the other side missing on entitlement? >> first of all, i have to take the debt ceiling off the table for a considerable period of time. secondly, regarding entitlement reform, let's take medicare, there are two challenges in term of medicare in the future. number one, is the rate of health care growth has been diminished. and the rate of medicare cost increased that has also been -- [inaudible] that's the first consequence or the first event of the last three years. secondly, we have health care reform, which has accelerated in health care cost increase. whattic we need to do in terms of medicare is for both parties and both house and the white house to sit down and have a serious discussion about how we continue to get ahold of medicare and other health care costs. we really need do that. our social security we h
the democrats for a solution on the debt ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've got to make it happe
is going on in the nation, debt ceiling, in light of what is really going on here in the city and county of san francisco we need to involve the constituents, because the taxpayers that pay it, you may get the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportation authority addresses transportation strategies particularly becau
, but the house is going to vote just next week on raising the debt ceiling, at least temporarily. is there a real chance we won't need to wait till the last minute for a deal? we will have the latest. david: interesting novel concept. plus, reaction from a member of congress who is looking to say good-bye to the debt ceiling all together. that representative is going to be here for a debate coming up. liz: while the battle wages in washington, you could be profiting. i mean, listen, come on, don't wait. find out how you can trade the debt ceiling. there is a way. keep it right here on fox business. ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket scienc
that republicans are putting a short-term debt ceiling hike on the table. short-term debt ceiling hike. but here's what i'm not hearing and what we should be hearing is an unambiguous plan to splash spending now. republicans need an absolute rock solid plan to implement the sequester which is $1.2 trillion over the next ten years. this is essential. not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it done, i'll say this. they may lose the house in 2014. so let's talk with karen finney. who's a columnist for the hill and former dnc communications director. and hadley heath, senior policy analyst at the independent women's forum. hadley, this paul ryan, he went out and met with reporters. republicans are in the retreat down in williamsburg, virginia. maybe they'll use a short term increase in the debt ceiling maybe three months or six months. is that the point? how does that inform you? does that get to the heart of the matter? >> it certainly doesn't get to the heart of the matter. if we re
, you need an ally. ally bank. your money needs an ally. >>> welcome back. maybe we won't hit the debt ceiling next month after all it. appears house republicans are considering a plan next week to extend the deadline, at least until the spring. our chief white house washington correspondent john harwood now with the story. john? >> reporter: maria, an interesting development that reflects republicans' awareness that they have the short end of the stick in terms of bargaining power with the president who has just been re-elected and with congress as our new nbc/"wall street journal" poll showed is only at a 14% approval. he's at 52%. here's what the house republicans are going to put on the floor next week and try to pass. it would be an extension of the debt limit, a rise in the debt loimt that would take us through april the 15th. it would be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from se
to borrow money to make up the deficit, but only up to a certain limit. that's the debt ceiling. treasury does not make decisions about how the money is spent. they are simply empowered in this case to write the checks to pay the bills that are already incurred by your democratically elected congress. the way you would if you are a little short on your monthly bills. refinancing a little bit. that will get us through maybe mid-february to early march. once that stops working, the treasury needs to rely on the cash that it has on hand and the revenue that comes in from taxes. problem is, there isn't that much cash on hand or enough money coming in on most days to cover the expenses. if there were, we wouldn't have a deficit. let me give you an example. february 15th. i choose that day because that might be the day. might be a little early but it might be the day that we stop being able to mess things around. okay. the federal government on that day will take in an estimated $9 billion in revenues. again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got
it. ashley: we'll see how it works out. maybe get the debt ceiling dealt with and really get to the heart of the spending cuts that need to be put in place. tracy: we'll be playing groundhog day. ashley: that's true. ask rich edson. saving the best for last, morgan stanley surges after putting a close on this week's bank results. tracy: georgia, other states are helping offices in california to lure businesses to relocate. it sounds so sneaky. we'll find out what they're doing. let's check out oil is trading as we head out to break. it is pretty much flat. $95.52 a barrel. we'll be right back [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from
to face the tax issue, as well. it's not just raising the debt ceiling that he's going to have to deal with. but he's going to have to negotiate with the republicans and perhaps try to change the tax code. all of these things are things he's already signaled he wants to do. what's fascinating is that this is a president who wanted to be a domestic president in the last -- in his first term and he was saddled with an economic situation and two wars to deal with. now is a shot to be that domestic president and make some really big change. but he's going to have to work with republicans in the house in order to get big things accomplished. >> and clearly what he wants to do is have some influence on voters. and though the official announcement is expected today, we do know that obama for america is going to become this nonprofit supporting his agenda. what kind of influence could this have? >> well, i think if you're an obama supporter, you hope it has more influence than it did or what they tried to do during his first term. they talked a lot about this leveraging his campaign which ever
hostage. it is also going to be a play. we know there's going to be a fight over the debt ceiling. in the past it was kind of a speed bump that reminded folks we were borrowing too much, and we needed to make changes. it could be a useful reminder, not if it goes as far where people start to really worry about the faith of the u.s. government and it starts to do economic damage, which is what we saw last time. the third or piece is the continuing resolution, the fact that government spending is going to expire, and the sort of triple witching hour of these three issues is another kind of fiscal cliff. the question is, is it going to force angst with the hardest -- action with the hardest pieces still remaining, or when it came to the fiscal cliff for all intents and purposes -- listen, it's good we raised some revenues, but we basically punted. we punted all the hard choices, and they sort of tried to declare a bipartisan victory. but it wasn't there. and so the question is, what's going to make these next action-forcing moments more effective in getting us to really take on the p
Search Results 0 to 11 of about 12 (some duplicates have been removed)